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20121108
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drinks to avoid f.d.a. oversight. we've called on the agency to regulate energy drinks that have caffeine levels well above the 71 milligrams per 12-ounce threshold in soft drinks. today senator blumenthal and i asked the f.d.a. commissioner to meet with us to personally meet with us after thanksgiving to discuss the steps the f.d.a. is taking to ensure the safety of energy drinks. every other week we're seeing mounting evidence that energy drinks pose safety risks. you learn about young people hospitalized or seriously hurt after consuming what are marketed as little energy pick pick-me-ups. we look forward to working with commissioner hamburg to protect our children and to protect everyone in america from these die tear supplements, whether it is 5-hour energy or the monster energy drink which led to the death of this 14-year-old girl in maryland. mr. president, it's been many years since came to this floor and argued about dietary supplements. we all know what's involved here. i always preface my remarks by saying when i got up this morning i took my vitamin, i took my fish oi
of this event which were very grateful for, and i think it's symbolic of incredible new energy that is developing in detroit and i should also say that josh created a company called, in 1999 here in detroit, operating all this time. two weeks ago it sold for a nice exit. here's a story of a company, a local copy that came from here, when all the way and he's an real well with the. even vested in a ton of other companies. so i just want to start asking you, steve, you know, when i told you about this you like it neatly, you want to be a part of the trick why do you think techonomy detroit was a good idea? >> i didn't think it was good at that is a great idea. i appreciate that you're willing to do this and shine a spotlight on detroit because to me it is not just about detroit commission of the story of aqaba notion in america and how it really is spread more broadly through the nation than we sometimes relate. silicon valley is the epicenter of enormous innovation, tremendous companies there, exciting, something we're all proud of. but there's also a lot of companies all across
and what we might see in the coming decades with abundant cost of energy supplies that could have a dramatic impact on what we might see in terms of being able to proceed with a manufacturing growth in manufacturing continuation of employment here that is not independent on the innovation or high-tech industries which we should very much be supporting. that's something to keep an eye on. >> i'm glad you mentioned energy because i was getting very depressed talking about the middle class i think it is the single biggest issue in america today. will be part of the energy solution. >> i wish that i had included that because heidi is completely right. it is a great thing that is happening in terms of the availability in the natural gas where as you know it isn't a well liked commodity where it's produced which means if you have as much of it as we have at the moment, the price is low relative to the cost of oil and therefore we can attract energy intensive manufacturing in north dakota and eastern ohio to wherever to take advantage of it and that is a great thing and i don't want to m
energy was spent on health care and other things coming into the question is do you see that -- how do you strike that balance and do you see that changing as you go forward into the next four years? >> to complicate your questions about what the balance in the short term and the immediate and long-term things that matter for the strength of the economy and i think it's important to recognize that as we get to the next phase of the fiscal reform debate you have to think about this not just about how you bring them down gradually to the point they are sustainable you to think about it in terms of what can you do to improve the long-term growth in the american economy? there are things we have to do in infrastructure and education just to name to that are important to the potential of the country and are not very expensive. if we sacrifice those objectives in the interest of getting more fiscal restraint more quickly than is desirable would do damage across the country, so i would just encourage people to look at -- we want to look at things that are good for growth now and over the long
and the truth is, they are brutal. you look what is happening in the iranian energy area, not only the fact that they're able to sell, you know, less than 50% of what they were selling before. it is that their production, their output is down from over 4 million barrels a day to 2.6 million barrels a day. part of the reason for that is precisely because of the sanctions, the inability to continue to invest in the energy infrastructure, the inability to continue to pump and store oil as they shut down oil fields that may not be so easy for them to recoup. you look what is happening to the currency, the devaluation. there are some estimates that the currency is being devalued by half every two months. think about what that means. it means that what you're buying, when you go and you buy something it costs you twice as much. it means what you have in the bank is worth half as much. if this is continuing to happen, it is bound to have an effect on the society as a whole whole. look at what the supreme leader has been saying over the last couple weeks. on more than one occasion he has explicitly
and take your, take your energy? that is -- information. that is example of unfairness. we brought 100 examples of spam cases many based on unfairness. 40 data security cases using unfairness. those are examples where i think you want us to use this statute. this is a statute that congress gave us in 1939 to prohibit unfair deceptive acts or practices. >> wyndham case is fair example. it didn't protect their credit card data. >> what we allege, yes. >> 500,000 credit card numbers ended up in the hands of a russian company. >> can neither confirm or deny that. that is certainly the allegation. i don't think even they deny it. >> i guess you brought that. >> involving multiple hacks. not first time or second time. perhaps as many as three. >> one thing i wonder about, one criticism of the ftc you didn't do anything to google for their overcollection of wi-fi information and i don't know how much you can say about that by that, part of the problem there was they didn't say they wouldn't do it. so it wasn't deceptive. they never said i'm not going to collect everybody's information over wi
, afghanistan/pakistan and u.s. energy policy as the six top issues. so starting with that, looking at it strategically, do you feel that those are the core issues before president obama and this administration and our country going into 2013? um, if not, what would you change, what would you add? >> i -- when i was informed by lori murray about the outcome of the process by which the world affairs councils went through and came up with those six issues, i thought you had it exactly right. i think those are the big issues, and congratulations to you. i think you have them just right. i think there is an overarching issue on top of all of them that in some sense effects and enables all of them x that is if you look at at the national security challenges and the foreign policy challenges we face, i say that the number one challenge is getting our fiscal house in order. getting a handle on the debt, getting a handle on the deficit which are critical in order to get the economy growing again and people back to work. and i think that is the over -- it's certainly the number one domestic
underutilization of capital i equipment. the one issue we need to face is resource costs and energy prices. that is not a question which is being driven by overuse at the moment, it's being driven by other factors. i'm not as optimistic as stephanie is about the long-term potential path, but is there a trade-off between what we should do to protect our elderly population and to provide adequate medical care to the whole poppation and what we should do to reconstruct our infrastructure and address energy and climate issues? no. we are underperforming on both fronts. >> but there's a -- it's not a budget tear trade-off, it's -- budgetary trade-off, as long as we think revenues can only be this high, then there's a fight among those priorities. we have to accept having higher revenues to pay for the things we want. that softens that trade-off. the entitlements are not, are not a drain on real resources, they're a transfer. but there is a question of public sector investment versus what's going on in the private sector. when we're at full capacity, we have that trade-off. but the issue is, um,
Search Results 0 to 7 of about 8